Romania: Industrial output deteriorates in April
Industrial output fell 1.3% in month-on-month seasonally adjusted terms in April, which contrasted March’s 4.0% increase. The result came on the back of a fall in manufacturing production. In addition, electricity, gas, steam and air conditioning supply production contracted markedly.
On an annual basis, industrial production rose 3.6% in April, which was above March’s 3.0% expansion and marking the best result since May 2022. Accordingly, the trend improved notably, with the annual average variation of industrial production coming in at a one-year high of minus 1.2%, up from March’s minus 1.9% reading.